Your PM will likely have much more time evicting, damage to the unit, travel  to collect rents multiple times, additional bookkeeping costs, etc.I have seen PM companies in rougher areas charge 12% average before.

Baley Whary I started using Cozy.co last month for rent collection when my new tenant requested an online payment option.

Starting out into rental property business.....looking into possibly using Easyrent.com for my tenant screening and online rent collection. 

If I had non-standard sizes, I would buy or make some number of reusable filters - maybe 6 or 12 - deliver them to the tenant, tell them to change them once per month and set the dirty filter aside, and I would collect them on a regular basis and clean them/have them cleaned, rinse and repeat. 

I wasn't implying that the file just sits on someone's desk for 3 months collecting dust.Best,Allen

Not exactly on topic, but if you dad is making that much money, and he just started collecting ss, there is an option to pay back what you took from ss and suspend his benefit until he is older. 

These are annual amounts collected over a period of years to cover the replacement of major capital items such as heating and air-conditioning plants and units, electrical systems, roof's, etc.

Much more rent is collected from a hotel.To give specific examples, there is a $4,500,000 hotel for sale in Orlando, FL that profits $1,100,000/year.... there is also an apartment complex for sale for $5,300,000 that profits just $540,000/year.How do these two types of properties act in a recession?

In my location the landlord can collect a security deposit not to exceed the equivalent of two month's rent, and as much prepaid rent as the tenant is willing to pay (but it has to stay in an escrow account until the rent is due).I was looking for pros and cons for both options and you gave them to me, thanks!

I feel like I should at least be making some cash flow, but after the mortgages are paid, PM collects her fee (8%) and any repairs,maintenance, taxes or insurance are paid, I'm left with no extra income. something seems amiss here and when I ask PM she says this is normal and to be expected the first few years of owning rental property.